The Board of Palmaris notes the announcement released today by Scottish Resources Group Limited (“SRG”), which stated, notwithstanding a well received road show to institutional investors in a challenging market...

The Board of Palmaris notes the announcement released today by Scottish Resources Group Limited (“SRG”), which stated, notwithstanding a well received road show to institutional investors in a challenging market...

The Board of Palmaris, the investment company with a 16.1% holding in Scottish Resources Group Limited (“SRG”), its sole remaining investment, is pleased to announce that SRG has this morning released an announcement of its ...

The Board of Palmaris, the investment company with a 16.1% holding in Scottish Resources Group Limited (“SRG”), its sole remaining investment, is pleased to announce that SRG has this morning released an announcement of its intention to seek admission of its ordinary shares to the Official List of the UKLA and to trading on the main market of the London Stock Exchange by way of an initial public offer to institutional investors.  SRG’s announcement has been set out in full at the end of this announcement.

Palmaris received notification on 21 June 2010 that Laxey Partners Limited sold 1,760,000 ordinary shares of 5 pence each in the share capital of the Company (“Ordinary Shares”) on 18 June 2010, and now holds an interest ...

Palmaris received notification on 21 June 2010 that Laxey Partners Limited sold 1,760,000 ordinary shares of 5 pence each in the share capital of the Company (“Ordinary Shares”) on 18 June 2010, and now holds an interest in 9,027,000 Ordinary Shares, representing 5.79% of the issued share capital of the Company.

The Board of Palmaris, the investment company with interests in coal mining, has noted the recent increase in the Company’s share price.

The Board of Palmaris, the investment company with interests in coal mining, has noted the recent increase in the Company’s share price.

The Board of Palmaris, the investment company with interests in coal mining, is pleased to present its unaudited results for the 6 month period ended 31 December 2009.

19 March 2010

Palmaris Capital Plc (“Palmaris” or the “Company”)

Results for the 6 months ended 31 December 2009

The Board of Palmaris, the investment company with interests in coal mining, is pleased to present its unaudited results for the 6 month period ended 31 December 2009. 

Key points include:

• A loss on ordinary activities before tax of £73,195 (2008: £(61,551));

• An increase in valuation of SRG shares from £2.20 per share to £2.40 per share; and

• Net assets are £15.72m (2008: £13.29m).

For further information contact:
 
Greg Melgaard, Managing Director             0779 965 7553
www.palmariscapital.com
 
John Llewellyn-Lloyd/Harry Stockdale, Execution Noble & Company Limited (Nominated Adviser)                                                             0207 456 9191

The interim accounts for the six months to 31 December 2008 showed a loss of £61,551 which is comparable with last year. Our net assets are £13.3 million or 8.5p per ordinary share. The only remaining investment is in Scottish ...